19th of September 2011 Author: Johnny Karp
Interactive television gambling provider granted a halt in anticipation of a capital raising announcement
A report came this week that Australian publicly listed interactive television gambling provider Two Way has been granted a trading halt by the ASX Monday in anticipation of a key capital raising statement.
The company, whose services are developed in cooperation with Tabcorp Holdings and Foxtel has not issued a comment explaining where it would allocate the funds. However, it has recently made major progress in moving towards an increased revenue stream, expanding its activities to include Racing and Wagering Western Australia and TattsBet Limited, with more similar partnerships in sight.
At the moment, the company boasts a big client list which includes Tabcorp, RWWA, TattsBet, Sportingbet, Betfair, Foxtel, Austar, Optus TV and Sky New Zealand. The only TV wagering service in Australia, it includes live betting capability linked to the betting engines of all the TABs.
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